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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West College Corner at 400 Union St, West College Corner, IN, 47003 offers a 9.38% rental yield on a $212,500 purchase with $1,661/mo rent. Total monthly income registers $1,661/mo, and a $1,040/mo payment leaves $385/mo available for distribution. Annual cash flow reaches $4,626/yr on $70,444 to close, and return on cash invested stands at 26.48% in year one. Equity gained on principal adds $1,371/yr while 5% annual appreciation supports $58,710 over five years. Portfolio math shows five-year ROI at 137.84% and total cumulative return in cash at $97,100. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,661/mo property income against a $1,040/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47003, West College Corner, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 213 (55.9%) |
| Renter Occupied HU | 129 (33.9%) |
| Vacant Housing Units | 39 (10.2%) |
| Median Home Value | $186,058 |
| Average Home Value | $199,660 |
Residential
276
Single Family
244
Multi-Family
32
Businesses
17
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: RHONDA SOPER • CAMPBELL APPRAISAL and Real Estate
Mls Name: East Central Indiana AOR
Mls ID: #14547
